Ex-Im Bank May Finance Dual-Use Transaction Next Year, GAO Says
The Export-Import Bank of the U.S. hasn’t approved a new transaction involving dual-use goods since 2012 but said that could change next year, the Government Accountability Office reported Sept. 1. Ex-Im officials told GAO “there may be a higher potential for viable applications related to dual-use support in fiscal year 2022," partly because the bank has already received some questions about dual-use financing. The bank said it has seen “an increase in the frequency and nature of preliminary inquiries” involving those goods.
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Although Ex-Im didn’t finance any new dual-use exports during the 2020 fiscal year, it continued to monitor the end-use of one transaction for the Mexican government, which included a fixed service satellite and a mobile service satellite (see 2008280033). GAO said Ex-Im “received all documents from the government of Mexico on time and subsequently determined that Mexico was in compliance with the bank's dual-use policy.”